Sources said that the IT firm had given out salary hike in line with industry norms In FY21 despite uncertainty due to COVID-19 and it will continues to offer promotions as per the regular promotion cycle.
According to the sources, "With FY22 salary hike TCS Employees will get around 12-14% average increment in six months time.
TCS reported 7% increase in net profit for the quarter ending 31 December, 2020 at ₹8,701 crore. The company benefited from greater demand for its cloud services during the COVID-19 pandemic.